Constellation Brands (STZ) Posts Quarterly Earnings, Beats Estimates By $0.14 EPS
Constellation Brands (NYSE:STZ) released its earnings data on Wednesday. The company reported $1.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.93 by $0.14, AnalystRatings.NET reports. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.41 billion.
Constellation Brands (NYSE:STZ) opened at 88.38 on Wednesday. Constellation Brands has a 52 week low of $49.32 and a 52 week high of $88.94. The stock has a 50-day moving average of $84.22 and a 200-day moving average of $80.20. The company has a market cap of $16.951 billion and a P/E ratio of 8.97. Constellation Brands also saw some unusual options trading activity on Tuesday. Traders acquired 4,444 put options on the stock. This represents an increase of 621% compared to the average volume of 616 put options.
A number of analysts have recently weighed in on STZ shares. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Constellation Brands in a research note on Thursday, May 29th. They now have a $93.00 price target on the stock, up previously from $90.00. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Constellation Brands in a research note on Wednesday, April 30th. They now have a $84.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Constellation Brands in a research note on Friday, April 11th. They now have a $84.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $82.89.
Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.
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